Oil prices fall to lowest level in 2 months as Trump's party loses midterm polls

Oil prices hit two-month low on Thursday as investors hoped the US midterm election results, which saw President Donald Trump's Republican Party lose, could bring an end to US-Iran war. Brent crude futures fell 1% to $93.5 per barrel, after an 8.7% slide in the previous session. Brent has fallen about 20% so far this week.